B-SYS
ActiveSummary
B-SYS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€20,506) and a net result of €52,763. Equity is shrinking by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 7% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+3
Solvency10▲+10
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.57 against 0.44 in 2023; short-term debt: 84.8% and cash: 13.9% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-14.8%
Return on assets
38.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 20783 sector peers (2024).
NBB · sector comparisonPosition among 20783 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
121 d late
2022
100 d late
2021
212 d late
2020
89 d late
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 92 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€293,473
EBIT margin
-5.5%
Net result
€52,763▲ 163%
2023 · €20,070
Working capital
-€49,962▲ 40.6%
2023 · -€84,145
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result-€17,857▲ 5.8%-€7,655▲ 57.1%-€38,051▼ 397%€21,460€48,475▲ 126%
Net result-€18,593▲ 4.8%-€8,159▲ 56.1%-€39,832▼ 388%€20,070€52,763▲ 163%
EBIT margin
Equity-€45,349▼ 69.5%-€53,507▼ 18.0%-€93,339▼ 74.4%-€73,269▲ 21.5%-€20,506▲ 72.0%
Total assets€95,207▼ 12.0%€102,491▲ 7.7%€99,884▼ 2.5%€89,603▼ 10.3%€138,376▲ 54.4%
Debt€140,556▲ 4.1%€155,998▲ 11.0%€193,223▲ 23.9%€162,872▼ 15.7%€158,882▼ 2.4%
Working capital-€47,224▼ 159%-€57,648▼ 22.1%-€103,166▼ 79.0%-€84,145▲ 18.4%-€49,962▲ 40.6%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 126% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €138,376
Fixed assets
€70,955 ▲ 195%
Current assets
€67,421 ▲ 2.9%
Key figures and ratios
EBITDA
€56,450▲
2023 · €27,689
Cash flow
€60,738▲
2023 · €26,299
Solvency
-14.8%▲
2023 · -81.8%
Current ratio
0.57▲
2023 · 0.44
Quick ratio
0.44▲
2023 · 0.33
Debt to equity
-7.75▼
2023 · -2.22
ROA
38.1%▲
2023 · 22.4%
Interest coverage
74.33▲
2023 · 21.90
Debt ≤ 1 year
€117,383▼
2023 · €149,675
Debt > 1 year
€41,462▲
2023 · €1,876
Income taxes
€65▼
2023 · €146
Staff costs
-€194▼
2023 · €841
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,991 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €35,954 | €42,118 | €841 | -€194 | ▼ 123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,814 | €5,814 | €6,795 | €6,229 | €7,975 | ▲ 28.0% |
| Other operating charges640/8 | - | €3,092 | €4,910 | €4,901 | €2,889 | ▼ 41.0% |
| Gross operating margin9900 | €12,076 | €37,206 | €15,772 | €33,430 | €59,145 | ▲ 76.9% |
| Operating profit (loss)9901 | -€17,857 | -€7,655 | -€38,051 | €21,460 | €48,475 | ▲ 126% |
| Financial income75/76B | - | €165 | €1 | €20 | €5,112 | ▲ 25,259% |
| Recurring financial income75 | €217 | €165 | €1 | €20 | €0 | ▼ 100.0% |
| Non-recurring financial income76B | - | - | - | - | €5,112 | - |
| Financial charges65/66B | - | €531 | €1,639 | €1,264 | €759 | ▼ 39.9% |
| Recurring financial charges65 | €827 | €531 | €1,639 | €1,264 | €759 | ▼ 39.9% |
| Profit (loss) for the period before taxes9903 | -€18,467 | -€8,020 | -€39,688 | €20,216 | €52,828 | ▲ 161% |
| Income taxes67/77 | €126 | €138 | €144 | €146 | €65 | ▼ 55.6% |
| Profit (loss) for the period9904 | -€18,593 | -€8,159 | -€39,832 | €20,070 | €52,763 | ▲ 163% |
| Profit (loss) for the period to be appropriated9905 | -€18,593 | -€8,159 | -€39,832 | €20,070 | €52,763 | ▲ 163% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95,207 | €102,491 | €99,884 | €89,603 | €138,376 | ▲ 54.4% |
| Fixed assets21/28 | €38,475 | €32,661 | €30,302 | €24,073 | €70,955 | ▲ 195% |
| Intangible fixed assets21 | €33,250 | €28,500 | €23,750 | €19,000 | €14,250 | ▼ 25.0% |
| Tangible fixed assets22/27 | €2,039 | €975 | €3,366 | €1,888 | €53,520 | ▲ 2,735% |
| Furniture and vehicles24 | - | €975 | €3,366 | €1,888 | €53,520 | ▲ 2,735% |
| Financial fixed assets28 | €3,186 | €3,186 | €3,186 | €3,186 | €3,186 | = |
| Current assets29/58 | €56,732 | €69,830 | €69,582 | €65,530 | €67,421 | ▲ 2.9% |
| Stocks and contracts in progress3 | €23,017 | €26,289 | €15,837 | €16,001 | €15,686 | ▼ 2.0% |
| Stocks30/36 | - | €26,289 | €15,837 | €16,001 | €15,686 | ▼ 2.0% |
| Amounts receivable within one year40/41 | €26,131 | €29,965 | €47,980 | €32,864 | €31,208 | ▼ 5.0% |
| Trade receivables40 | - | €29,858 | €47,682 | €32,397 | €27,546 | ▼ 15.0% |
| Other amounts receivable41 | - | €107 | €298 | €467 | €3,662 | ▲ 684% |
| Cash at bank and in hand54/58 | €6,925 | €13,576 | €5,766 | €16,666 | €19,192 | ▲ 15.2% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | €1,334 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95,207 | €102,491 | €99,884 | €89,603 | €138,376 | ▲ 54.4% |
| Equity10/15 | -€45,349 | -€53,507 | -€93,339 | -€73,269 | -€20,506 | ▲ 72.0% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€55,349 | -€63,507 | -€103,339 | -€83,269 | -€30,506 | ▲ 63.4% |
| Amounts payable17/49 | €140,556 | €155,998 | €193,223 | €162,872 | €158,882 | ▼ 2.4% |
| Amounts payable after more than one year17 | €36,600 | €20,505 | €4,393 | €1,876 | €41,462 | ▲ 2,110% |
| Financial debts170/4 | - | €20,505 | €4,393 | €1,876 | €41,462 | ▲ 2,110% |
| Amounts payable within one year42/48 | €103,956 | €127,478 | €172,748 | €149,675 | €117,383 | ▼ 21.6% |
| Current portion of amounts payable after more than one year42 | - | €29,136 | €39,119 | €16,227 | €19,593 | ▲ 20.7% |
| Trade debts44 | €24,767 | €17,883 | €9,042 | €25,508 | €8,631 | ▼ 66.2% |
| Suppliers440/4 | - | €17,883 | €9,042 | €25,508 | €8,631 | ▼ 66.2% |
| Taxes, remuneration and social security45 | - | €10,700 | €22,746 | €2,621 | €335 | ▼ 87.2% |
| Taxes450/3 | - | €2,129 | €13,510 | €2,621 | €335 | ▼ 87.2% |
| Remuneration and social security454/9 | - | €8,571 | €9,236 | €0 | - | - |
| Other amounts payable47/48 | - | €69,759 | €101,842 | €105,318 | €88,823 | ▼ 15.7% |
| Accrued charges and deferred income492/3 | - | €8,014 | €16,082 | €11,321 | €37 | ▼ 99.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,593 | -€8,159 | -€39,832 | €20,070 | €52,763 | ▲ 163% |
| + Depreciation and write-downs630 | €5,814 | €5,814 | €6,795 | €6,229 | €7,975 | ▲ 28.0% |
| Operating cash flow (approximation) | -€12,779 | -€2,345 | -€33,037 | €26,299 | €60,738 | ▲ 131% |
| Investment in fixed assets (approximation) | - | €0 | -€4,436 | €0 | -€54,857 | - |
| Change in cash | - | €6,650 | -€7,810 | €10,900 | €2,527 | ▼ 76.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €52,763 ▲163%
Operating result €48,475, net result €52,763, both a record.
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 121 days late
2023
31-12
Financial
Back to profitnet €20,070
Net result €20,070 after 5 loss-making years.
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 100 days late
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 212 days late
2022
31-12
Financial
Weakest financial yearnet -€39,832
Net result drops to -€39,832, the lowest in the series; recovery starts the following year.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Bornem · 1 establishment unit since 2017
Ground area
250 m²
Building footprint
87 m²
Volume, LiDAR
385 m³
Parcel 12007B0695/00F000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
B-SYS
since 20172.270.800.385
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007B0695/00F000 | Flanders | 250 m² | 1 · 86 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
47120Other non-specialised retail sale
62900Other information technology and computer services
62100Computer programming
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.